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The grain augers market size is estimated to grow by USD 101 million at a CAGR of 4.25% between 2024 and 2028. The grain augers market is experiencing significant growth due to the increasing demand for efficient grain out-loading solutions in the agriculture sector. Governments worldwide are providing support to promote agricultural development, thereby fueling the market's expansion. Additionally, the adoption of safety-certified grain augers is on the rise as farmers prioritize the safety and well-being of their workers. These augers offer a cost-effective, time-saving, and labor-efficient alternative to traditional grain handling methods. With the growing focus on increasing agricultural productivity and ensuring worker safety, the market for grain augers is expected for continued growth.
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The market plays a crucial role in supporting agricultural activities by facilitating efficient grain handling and storage facilities. These augers are essential components of agricultural machinery used in mechanized farming practices and modern farming technologies, contributing to increased crop yields and reduced post-harvest losses. As global demand for food rises, augers such as screw conveyors, grain bins, and grain carts are integral in ensuring food security and promoting sustainability in agricultural operations. Regulatory bodies support agricultural modernization initiatives, encouraging the adoption of technologies like GPS guidance systems in combine harvesters and tractors to optimize efficiency during the harvest season. The market for grain augers continues to grow, driven by innovations in storage bins, grain wagons, and grain chasers, meeting the evolving needs of the agriculture sector worldwide. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is expected to experience significant growth, driven by the increasing need for efficient grain out-loading. Farmers and other agricultural organizations often face challenges in off-loading grains quickly, leading them to prefer equipment that can move grains rapidly for storage or transport. The use of grain-handling equipment, such as grain augers, allows end-users to transport and store grains efficiently and quickly. Large grain augers can out-load grains at an increased rate per hour, significantly reducing turnaround time. Additionally, the portability of grain augers allows farmers to move grains easily from bags or field bins on the farm or from the farm storage site to the back paddock as needed. Furthermore, grain augers offer an economical and simple way to get grains into the bin. Governments of various countries have introduced schemes and initiatives aimed at increasing grain production, which is driving the demand for grain-handling products. For example, the Indian government has launched several welfare schemes to support farmers and promote grain production.
The increasing availability of farm equipment such as grain augers through rental facilities is one of the key trends in the market. Rental services also help end-users save on the initial investments required to purchase farm equipment. The availability of grain augers on a rental basis allows end-users to gain access to machinery that incorporates the latest technologies.
End-users also do not have to worry about servicing and maintenance. Rental farm equipment is also suitable for end-users who do not need farm equipment on a regular basis. Farm equipment, such as grain augers, is expensive and requires high initial investments. Thus, farmers prefer renting grain augers for a specified time period based on their needs, which allows them to achieve flexibility and adapt to prevailing economic conditions.
One of the key challenges to the global grain augers market growth is the hazards associated with grain augers. When grain augers are in operation, grains can flow out of the bin to the unloading auger. This can pose the danger of suffocation for workers due to the accumulation of grain dust, especially when using large grain augers. Respiratory problems, noise, and the risk of fires are some of the major concerns when handling foodgrains.
Grain augers are equipped with sharp corkscrew blades. These blades rotate as they draw the grains. Any contact with these blades can result in cuts and fractures for workers. Electrocution is another hazard associated with the use of grain augers, which can happen when a moving raised grain auger comes in contact with electric wires. Most electrocution-related injuries occur with movable grain augers. Thus, the risk of injury and other hazards associated with grain augers are likely to impede the growth of the grain augers market.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The grain augers market segmentation by product consists of movable and stationary. The market share growth of the movable segment will be significant during the forecast period. The growing inclination of end-users toward movable grain augers with advanced control features will influence the growth of the market during the forecast period. Some manufacturers offer movable grain augers with various safety mechanisms, which help end-users decrease the chances of accidents in farming organizations. Hence, the availability of movable grain augers with improved safety features will accelerate the growth of the global movable grain augers market during the forecast period.
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The movable segment was valued at USD 266.4 million in 2018. Movable grain augers are mechanically driven augers with improved efficiency when compared with stationary grain augers. Movable grain augers help farmers increase the speed of transporting grains. These grain augers feature multiple drive options, including Power Take-Off (PTO) and hydraulic. These factors will positively influence the market during the forecast period.
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APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the market forecast period. The grain augers market in North America is expected to witness accelerating growth during the forecast period. Manufacturers of grain augers in the region are focusing on expanding their presence in North America through strategic alliances. It is expected that the manufacturers of grain augers will try to increase the sales of grain augers in remote areas in North America by entering into new trade agreements with distributors during the forecast period. Hence, the anticipation of the growing focus of manufacturers to increase the client base in North America will influence the accelerated growth of the market during the forecast period.
The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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The grain handling and storage sector within the agriculture industry is evolving with advancements in agricultural machinery and equipment and modernization efforts. Grain bins and storage facilities are crucial for reducing post-harvest losses and ensuring resource utilization while promoting environmental sustainability and resilience to climate change. Technologies like telematics, automation, and precision farming aid in logistics planning and yield mapping, optimizing operations amidst challenges such as labor shortages and social distancing requirements. Enhanced by advanced technology, including reversible gearboxes and onboard scales, grain handlers like combine harvesters, tractors, and grain carts facilitate rapid transportation and efficient handling of crops like wheat, oats, rice, corn, and soybeans. The industry emphasizes durability, fuel efficiency, and environmental impact reduction, supporting farm productivity through farm management systems and data-driven decision-making. The modernization of farming practices includes upgrading grain bins and storage facilities to reduce post-harvest losses, enhancing rapid transportation of grains using advanced equipment like reversible gearboxes and technologically-enabled grain carts, benefiting SMEs and large farms alike.
Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.25% |
Market growth 2024-2028 |
USD 101 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.08 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 33% |
Key countries |
US, Canada, Brazil, China, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ag Growth International Inc., Astwell Augers Ltd., Bazooka-Farmstar Inc., Berkshire Hathaway Inc., Brandt Group of Companies, Buhler Industries Inc., CLAAS KGaA mBH, Distel Grain Systems Inc., Diversified Technologies Inc., Elmers Manufacturing Inc., Grainline, Harberger Pty Ltd., Honeyville Metal Inc., J and M Manufacturing Co. Inc., Lloyd and Meredith, Rodono Industries Ltd., Superior Manufacturing LLC, Trufab Engineering (Australia) Pty Ltd., Venning Engineering Pty Ltd., and Westman Group Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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